REGISTERED NUMBER: 01126386 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

LESLIE FRANCES (HAIR FASHIONS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D J Ashurst

Mrs J D Childs

SECRETARIES:

Mrs D J Ashurst

Mrs J D Childs

REGISTERED OFFICE:

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

REGISTERED NUMBER:

01126386 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

Barclays Bank Plc

10 - 18 Queen Street

Barnsley

South Yorkshire

S70 2AJ

SOLICITORS:

Mills Kemp & Brown

1-11 Huddersfield Road

Barnsley

South Yorkshire

S70 2PL

FIXED ASSETS

Tangible assets

4

252,876

218,843

Investment

5

100

100

252,976

218,943

CURRENT ASSETS

Stocks

6

23,250

23,250

Debtors

7

40,308

62,302

Cash at bank and in hand

304,784

263,885

368,342

349,437

CREDITORS

Amounts falling due within one year

8

94,369

74,406

NET CURRENT ASSETS

273,973

275,031

TOTAL ASSETS LESS CURRENT LIABILITIES

526,949

493,974

CREDITORS

Amounts falling due after more than one year

9

(136,812

)

(107,082

)

PROVISIONS FOR LIABILITIES

(1,320

)

(1,320

)

NET ASSETS

388,817

385,572

CAPITAL AND RESERVES

Called up share capital

10

100

100

Capital redemption reserve

100

100

Retained earnings

388,617

385,372

SHAREHOLDERS' FUNDS

388,817

385,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2025 and were signed on its behalf by:

Mrs D J Ashurst - Director

1.	STATUTORY INFORMATION

Leslie Frances (Hair Fashions) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Leslie Frances (Hair Fashions) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of products and services is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount can be measured reliably and it is possible that the economic benefits associated with the transaction will flow to the company. This is usually on payment for goods and services provided.

Revenue Grants

Grant income is recognised on an accruals basis and is accounted for in the period to which it relates.

Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and buildings

-

10% on cost and 2% on cost

Office & electrical equipment

-

33% on cost and 25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs

The company contributes to employees personal pension scheme. The annual contributions payable are charged to the profit and loss account.

Deferred capital grants

Deferred capital grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Office &

Fixtures

land and

electrical

and

buildings

equipment

fittings

Totals

£

£

£

£

COST

At 1st April 2024

340,953

35,585

107,035

483,573

Additions

53,903

2,770

-

56,673

At 31st March 2025

394,856

38,355

107,035

540,246

DEPRECIATION

At 1st April 2024

129,000

34,007

101,723

264,730

Charge for year

19,760

1,554

1,326

22,640

At 31st March 2025

148,760

35,561

103,049

287,370

NET BOOK VALUE

At 31st March 2025

246,096

2,794

3,986

252,876

At 31st March 2024

211,953

1,578

5,312

218,843

5.	INVESTMENT

Total

£

COST

At 1st April 2024

and 31st March 2025

100

NET BOOK VALUE

At 31st March 2025

100

At 31st March 2024

100

6.

STOCKS

2025

2024

£

£

Goods for resale

23,250

23,250

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,839

24,845

Other debtors

17,714

17,714

VAT

-

16,236

Called up share capital not paid

100

100

Prepayments and accrued income

3,655

3,407

40,308

62,302

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,032

13,908

Amounts owed to group undertakings

100

100

Corporation tax

11,695

1,651

Social security and other taxes

3,031

6,064

VAT

8,462

-

Other creditors

13,298

12,236

Directors' current accounts

18,490

18,490

Accruals and deferred income

30,261

21,957

94,369

74,406

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Accruals and deferred income

136,812

107,082

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

98

Ordinary

£1

98

98

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

100

100

11.	RELATED PARTY DISCLOSURES

Other related parties

31.03.25

31.03.24

£

£

Training services expenditure

36,650

45,420

During the year, no interest was charged on the loan to the related party.

31.03.25

31.03.24

£

£

Amount due from related party at the balance sheet date

17,714

17,714